Ryman Hospitality Properties, Inc. (NYSE:RHP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Ryman Hospitality Properties, Inc. (NYSE:RHP) by 54.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,497 shares of the real estate investment trust’s stock after selling 9,002 shares during the quarter. Victory Capital Management Inc.’s holdings in Ryman Hospitality Properties were worth $749,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in Ryman Hospitality Properties by 7.2% in the 2nd quarter. Rhumbline Advisers now owns 97,623 shares of the real estate investment trust’s stock worth $9,749,000 after acquiring an additional 6,561 shares during the period. Van ECK Associates Corp boosted its holdings in Ryman Hospitality Properties by 7.2% in the 2nd quarter. Van ECK Associates Corp now owns 8,973 shares of the real estate investment trust’s stock worth $896,000 after acquiring an additional 601 shares during the period. Principal Financial Group Inc. boosted its holdings in Ryman Hospitality Properties by 194.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,222,077 shares of the real estate investment trust’s stock worth $221,896,000 after acquiring an additional 1,466,220 shares during the period. Panagora Asset Management Inc. boosted its holdings in Ryman Hospitality Properties by 11.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 222,745 shares of the real estate investment trust’s stock worth $22,243,000 after acquiring an additional 22,428 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ryman Hospitality Properties by 5.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,331 shares of the real estate investment trust’s stock worth $2,430,000 after acquiring an additional 1,217 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

Insider Activity at Ryman Hospitality Properties

In other news, Chairman Colin V. Reed purchased 8,077 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $97.78 per share, with a total value of $789,769.06. Following the transaction, the chairman now owns 827,220 shares in the company, valued at approximately $80,885,571.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman Colin V. Reed acquired 8,077 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $97.78 per share, for a total transaction of $789,769.06. Following the purchase, the chairman now directly owns 827,220 shares in the company, valued at $80,885,571.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alvin L. Bowles, Jr. sold 900 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $107.32, for a total transaction of $96,588.00. Following the transaction, the director now directly owns 3,148 shares of the company’s stock, valued at approximately $337,843.36. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RHP. JPMorgan Chase & Co. upped their price target on Ryman Hospitality Properties from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Wells Fargo & Company decreased their price target on shares of Ryman Hospitality Properties from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. StockNews.com upgraded shares of Ryman Hospitality Properties from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Truist Financial reduced their price objective on shares of Ryman Hospitality Properties from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.14.

Ryman Hospitality Properties Stock Performance

RHP stock opened at $109.77 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 5.96. The firm has a market cap of $6.57 billion, a P/E ratio of 22.73, a P/E/G ratio of 2.11 and a beta of 1.66. Ryman Hospitality Properties, Inc. has a 12-month low of $79.86 and a 12-month high of $122.91. The stock’s 50 day simple moving average is $101.63 and its 200 day simple moving average is $104.96.

Ryman Hospitality Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Monday, September 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 91.10%.

Ryman Hospitality Properties Company Profile

Ryman Hospitality Properties, Inc (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space.